the real issue is the basic salary which has not reflected inflation for at least the last five years.
No, the issue is that you're ignorant to the facts.
The government official Hong Kong inflation rate is almost nil when compared to pre-SARs. This is why the company is going to offer us next to nothing in terms of a pay raise. Nevermind the fact that the goverment statistic is completely bogus.
Working G'Days only bolsters their position that 1) real costs have not increased and 2) our employees would love to work extra if offered.
Hence we will have no pay increase.
Enjoy, that is all. Must go sleep off my Hang Over!